AgdaPkt 2002-01-14 - Laserfiche WebLink

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January 14,2002 Subject Annual Report to Legislative Body by Redevelopment Agency Recommendation That the City Council receives this report, consisting of the following items, by motion. 1. Annual Independent Audit 2. Report to the State Controller 3. Additional information provided by this staff report. Background Chapter One, Article 6 of the Community Redevelopment Law deals with Redevelopment Agency reporting requirements to the Legislative Body (the City Council) and to the state. There are three components to the information that the Redevelopment Agency is required to prepare, shown above. The independent Audit and the Report to the State Controller are attached to this report. The remaining text of this staff report addresses the remaining issues, including: 1. Agency progress in alleviating blight in the previous year. 2. A list of and status on all loans made by the Redevelopment Agency that are in default. 3. A description of the total number and nature of properties that the Redevelopment Agency owns and those acquired in the previous year. Alleviation of Blight During the period from July 1,2000 to June 30, 2001, the Agency took the following actions to alleviate blight: 1. On the Agency owned property at El Camino and Vera Avenue, the Agency conducted Phase II environmental analysis of the parcels to determine the presence and possible extent of any contamination. The process of relocating the residential and commercial tenants was started. 2. The Agency negotiated and entered into a Disposition and Development Agreement (DDA) concerning the proposed Downtown Retail/Cinema Project. This project proposes to redevelop two blocks of downtown (bounded by the railroad tracks, Jefferson Avenue, Broadway and Middlefield Road) that contained blighted properties.